Parkside Financial Bank & Trust Sells 707 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Parkside Financial Bank & Trust trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,603 shares of the semiconductor manufacturer’s stock after selling 707 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Advanced Micro Devices were worth $798,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Bedell Frazier Investment Counselling LLC grew its position in Advanced Micro Devices by 4.3% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after buying an additional 74 shares during the period. NCM Capital Management LLC grew its position in Advanced Micro Devices by 0.9% during the third quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock valued at $1,420,000 after buying an additional 75 shares during the period. Pin Oak Investment Advisors Inc. grew its position in Advanced Micro Devices by 15.2% during the third quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $94,000 after buying an additional 76 shares during the period. Greenwich Wealth Management LLC lifted its holdings in Advanced Micro Devices by 5.4% during the third quarter. Greenwich Wealth Management LLC now owns 1,533 shares of the semiconductor manufacturer’s stock valued at $252,000 after purchasing an additional 78 shares in the last quarter. Finally, AM Investment Strategies LLC lifted its holdings in Advanced Micro Devices by 4.0% during the third quarter. AM Investment Strategies LLC now owns 2,080 shares of the semiconductor manufacturer’s stock valued at $341,000 after purchasing an additional 80 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $99.81 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $98.69 and a 52-week high of $227.30. The company has a market cap of $161.74 billion, a price-to-earnings ratio of 100.82, a PEG ratio of 1.11 and a beta of 1.65. The firm’s fifty day moving average is $116.94 and its 200 day moving average is $136.90.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMD has been the topic of several analyst reports. KeyCorp lowered their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Wolfe Research downgraded shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Stifel Nicolaus lowered their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Bank of America lowered their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Melius downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their price target for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $155.83.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.